Some of the big picture posts earlier in this blog anticipated the downward movements in the S&P because the structures were looking extremely similar to the 2008 event, in fact these structures repeat all the time in small time-frame trading. Markets are very fractal like the larger time-frames are exactly like the small-time frames so there is no surprises at all really and can be anticipated if one studies the smaller time-frames and looks for similarities in the larger time-frame.
While nothing special can be said about the current S&P big picture chart, something very interesting is going on in the DOW Weekly. Note the Red-line in the below DOW chart is at 9999 and there is this wide gap between the Purple and Red lines. Purple is the top line at 18351 In structures like these, where there is this distance between the Purple and Red lines, in smaller time-frames like intra-day charts the often the price moves all the way down to the Red line. Not every single time but more often than not. After touching that Red line it bounces up from there is a common pattern. Which raises the structural prospect in the larger Weekly time-frame of the DOW working itself to 9999 is very much in the cards and should not be surprising. The other possibility is that it will move all the way back up to and beyond the purple line, dragging the Red line upwards with it eventually cannot be ruled out either but though that can happen, it is less often the case in smaller time-frames.
Thus the possibility exists, and should be taken seriously, that the DOW may travel all the way back down to the Red line which is in this case interesting value 9999 Is there an occult numerological significance to this is not clear am not a believer in such things but it is striking that the Red line is at 9999 somehow, why was it not 9958? Why is it exactly 9999 - that's just how the chaos calculation fell out for the Red line, the Chaos Levels Indicator's algorithm computed that, it is not something placed there artificially - in fact that level was established years ago in the Weekly Chart Chaos Level computation - on precisely end of week 12/31/2004 - is remarkable that it was the last week of 2004
While nothing special can be said about the current S&P big picture chart, something very interesting is going on in the DOW Weekly. Note the Red-line in the below DOW chart is at 9999 and there is this wide gap between the Purple and Red lines. Purple is the top line at 18351 In structures like these, where there is this distance between the Purple and Red lines, in smaller time-frames like intra-day charts the often the price moves all the way down to the Red line. Not every single time but more often than not. After touching that Red line it bounces up from there is a common pattern. Which raises the structural prospect in the larger Weekly time-frame of the DOW working itself to 9999 is very much in the cards and should not be surprising. The other possibility is that it will move all the way back up to and beyond the purple line, dragging the Red line upwards with it eventually cannot be ruled out either but though that can happen, it is less often the case in smaller time-frames.
Thus the possibility exists, and should be taken seriously, that the DOW may travel all the way back down to the Red line which is in this case interesting value 9999 Is there an occult numerological significance to this is not clear am not a believer in such things but it is striking that the Red line is at 9999 somehow, why was it not 9958? Why is it exactly 9999 - that's just how the chaos calculation fell out for the Red line, the Chaos Levels Indicator's algorithm computed that, it is not something placed there artificially - in fact that level was established years ago in the Weekly Chart Chaos Level computation - on precisely end of week 12/31/2004 - is remarkable that it was the last week of 2004
